Pechter Family Foundation in Boca Raton, Florida (FL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Pechter Family Foundation | |
| Employer Identification Number (EIN) | 050618996 |
| Name of Organization | Pechter Family Foundation |
| In Care of Name | Jack Pechter |
| Address | 8230 210th St S, Boca Raton, FL 33433 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $15,021,635 |
| Amount of Income | $4,011,863 |
| Form 990 Revenue Amount | $1,310,735 |
| National Taxonomy of Exempt Entities (NTEE) | Public, Society Benefit - Multipurpose and Other: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $4,011,863 (it was $1,656,963 in 2012)
| Pechter Family Foundation: | $4,011,863 |
| Other organizations performing similar types of work: | $75,162 |
Assets in 2013: $15,021,635 (it was $15,247,504 in 2012)
| Pechter Family Foundation: | $15,021,635 |
| Other organizations performing similar types of work: | $27,091 |
Expenses in 2012: $6,123,865
| This organization: | $6,123,865 |
| Other organizations performing similar types of work: | $45,997 |
Income to expenses ratio in 2012: 0.7
| Pechter Family Foundation: | 0.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 9.8%
| Pechter Family Foundation: | 9.8% |
| Other organizations performing similar types of work: | 27.4% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,656,963 | $1,357,609 | $0 | |
| Contributions, gifts, grants, etc., received | $162,216 | |||
| Interest on savings and temporary cash investments | $65,096 | |||
| Dividends and interest from securities | $88,831 | |||
| Gross rents | $945,466 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-39,611 | |||
| Other | $434,965 | |||
| Total expenses and disbursements | $6,123,865 | $492,469 | $0 | $5,435,384 |
| Compensation of officers, directors, trustees, etc. | $174,444 | |||
| Total operating and administrative expenses | $775,703 | $492,469 | $87,222 | |
| Contributions, gifts, grants paid | $5,348,162 | |||
| Excess of revenue over expenses and disbursements | $-4,466,902 | |||
| Net investment income | $865,140 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $15,247,504 | $15,263,390 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,381,814 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,274,181 | |
| Other | $10,591,509 | |
| Total liabilities | $1,680,005 | |
| Mortgages and other notes payable | $1,620,615 | |
| Other | $59,390 | |
| Total liabilities and net assets/fund balances | $13,567,499 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $434,965 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $8,651 |
| Total credits and payments | $18,370 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $12,120 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $6,250 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $9,719 |
| Amount to be credited to 2013 estimated tax | $9,719 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | Yes |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $17,151,673 |
| Net value of noncharitable-use assets | $16,894,400 |
| Minimum investment return | $844,720 |
| Distributable Amount (for 2012) | |
| Distributable amount | $831,365 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $831,365 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | World Sailfish Championshipcharitable Foundation Inc | 635 Court St, Clearwater, FL 33756-5512 | FL | 2007-10 | $689,228 |
| 2 | Emerald Coast Veterans Golf Group Inc | 5510 Hwy 22, Panama City, FL 32404 | FL | 2013-04 | $15,156 |
| 3 | Fundacion Mercy Ayuda Inc | 2550 Nw 72nd Ave, Miami, FL 33122 | FL | 2014-10 | $7,342 |
| 4 | Dear Prudence Foundation | 104 Chelsey Lane, Santa Rosa Beach, FL 32459 | FL | 2014-10 | $5,813 |
| 5 | International Association Of Lions Clubs, 12663 Sebring | 915 Sebring Square, Sebring, FL 33870 | FL | 1940-12 | $2,291 |
| 6 | A Million Heroes Foundation Inc | 14172 Amelia Island Way, Orlando, FL 32828 | FL | 2010-02 | $1,350 |
| 7 | Operation Kindness Of Florida Inc | 601 Yardarm Ln, Longboat Key, FL 34228-3529 | FL | 2014-12 | $777 |
| 8 | Albo Gator Nam Knights Inc | 260 Marion Oaks Golf Rd, Ocala, FL 34473 | FL | 2014-09 | $0 |
| 9 | Aliant Foundation Inc | 2400 E Commercial Blvd Ste 718, Ft Lauderdale, FL 33308-4052 | FL | 2015-02 | $0 |
| 10 | Armstrong Charitable Trust Aka The Armstrong Family Foundation | 1683 Galleon Dr, Port Royale, FL 34102-7717 | FL | 2007-01 | $0 |
| 11 | Asian Womens Club Of Lakewood Ranch | 8351 Catamaran Circle, Lakewood Ranch, FL 34202 | FL | 2013-04 | $0 |
| 12 | Change Your Life | 8728 Nautical View St, Tampa, FL 33615-5595 | FL | 2010-10 | $0 |
| 13 | Change Your Shoes Foundation Inc | 90 Alton Rd Apt 3102, Miami Beach, FL 33139-6889 | FL | 2015-04 | $0 |
| 14 | Chasity Taylor Foundation Inc | 7560 Devola Trl, Jacksonville, FL 32244-8149 | FL | 2015-04 | $0 |
| 15 | Compete 2 Give Inc | 3759 Coventry Lane, Boca Raton, FL 33496 | FL | 2015-02 | $0 |
| 16 | Freedom Marathon Inc | 515 College Dr, Middleburg, FL 32068-6521 | FL | 2010-10 | $0 |
| 17 | Herbert Kay Parkinson Chapter Inc | Po Box 801733, Miami, FL 33179 | FL | 2011-10 | $0 |
| 18 | Hope One Pedal Stroke At A Time Inc | 10414 Sw 227th Ter, Miami, FL 33190-1397 | FL | 2014-08 | $0 |
| 19 | Iglesia Cristiana El Caballero De La Cruz Inc | 338 Drake Elm Dr, Kissimmee, FL 34743-8412 | FL | 2013-06 | $0 |
| 20 | Just Our Soldiers Helpers Inc | Po Box 954031, Lake Mary, FL 32795 | FL | 2011-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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